finance

The founder of the stock market’s only freight futures exchange-traded fund (ETF) focused exclusively on the dry bulk shipping sector has launched the

By Elizabeth Low (Bloomberg) Shipowners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have

A new SEC filing shows that the Scion Asset Management, the private investment firm founded and led by famed investor Dr. Michael Burry, purchased about $10.5

The red hot dry bulk shipping ETF Breakwave Dry Bulk Shipping ETF (NYSE Arca: BDRY) surpassed the $100 million in assets under management milestone after a

By Jonathan Saul LONDON, March 16 (Reuters) – Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in

by John Konrad (gCaptain) Yesterday we wrote that shares of the offshore drillship company Transocean ($RIG) were surging on retail investor interest in highly

By Noor Zainab Hussain (Reuters) – Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020’s

By Captain John Konrad (gCaptain) In our article “THIS IS NOT A DRILL”  we sounded the alarm on the failure of the US Merchant Marine. We followed

by Jacob Gronholt-Pedersen (Reuters) – Shipping group Maersk on Wednesday issued full-year earnings guidance above its forecast at the beginning of the

June 23 (Reuters) – Ratings agency Standard & Poor’s on Tuesday downgraded bonds of Carnival Corp to junk status, forecasting continued weak

With COVID19 wreaking havoc in the stock market, you might think that travel or tourism stock might be the biggest losers of the past decade. But, according to

By Jonathan Saul LONDON, Jan 30 (Reuters) – Credit Suisse, BNP Paribas and French public investment bank Bpifrance are the latest lenders to join an

By Archana Narayanan and Alaa Shahine (Bloomberg) –DP World Plc is hiring banks to raise about $1 billion of bonds to finance the acquisition of Topaz

By Jonathan Saul and Maiya Keidan LONDON, Feb 20 (Reuters) – A growing number of hedge funds are moving into shipping debt, an asset class few have

By Jonathan Saul and Maiya Keidan LONDON, March 8 (Reuters) – U.S.-based fund manager Breakwave Advisors is launching the first exchange-traded fund

By Maiya Keidan and Jonathan Saul LONDON, Feb 15 (Reuters) – Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds

By Jonas Bergman (Bloomberg) — Norway’s wealth fund dumped a series of companies involved in making nuclear weapons and excluded others based on human

  By Gavin van Marle (TheLoadStar) A dramatic turnaround in the fortunes of recently acquired APL helped French carrier CMA CGM offset a slight

by Tom Hals (Bloomberg) Oilfield services firm Ezra Holdings Ltd (EZRA.SI) of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming a prolonged

By Mike Wackett (TheLoadstar) Brokers are reporting good news for embattled containership owners this week in the container charter market, with a big rise in